NEW PACIFIC METALS CORP (NEWP) Stock Technical Analysis
USA - NYSEARCA:NEWP - CA64782A1075 - Common Stock
We assign a technical rating of 8 out of 10 to NEWP. Both in the recent history as in the last year, NEWP has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although NEWP has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.01
We found 4 important support areas.
- A support zone ranging from 2.22 to 2.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.05 to 2.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.89 from a trend line in the daily time frame.
- Support @1.02 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.47 to 2.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NEWP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NEWP is up. |
| ChartMill Relative Strength | 93.93 | POSITIVE | NEWP has a high relative strength, it outperformed 93.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NEWP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NEWP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEWP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.41 | NEUTRAL | The RSI value for NEWP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NEWP has a positive trend. |
| Stochastics (14,3) | 89.79 | OVERBOUGHT | The high Stochastics value suggests NEWP may be overbought. |
| Average True Range in percent/ATR (20) | 7.62 | HIGH VOLATILITY | The high ATR as a percentage value for NEWP suggests high volalility. |
| Average Directional Index/ADX (14) | 21.56 | NEUTRAL | The ADX value for NEWP suggests a possible start of a new trend. |
2.46
+0.05 (+2.07%)
NEW PACIFIC METALS CORP / NEWP FAQ
Can you provide the ChartMill technical rating for NEW PACIFIC METALS CORP?
ChartMill assigns a technical rating of 8 / 10 to NEWP.
What is the current trend direction of NEW PACIFIC METALS CORP (NEWP) stock?
The current trend direction for NEW PACIFIC METALS CORP (NEWP) is Bullish.
What is the RSI signal for NEW PACIFIC METALS CORP (NEWP) stock?
NEW PACIFIC METALS CORP (NEWP) has an RSI value of 55.4067. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NEW PACIFIC METALS CORP?
The MACD indicator for NEW PACIFIC METALS CORP (NEWP) has a value of 0.0285562, indicating a bearish trend.
Can you provide the buy/sell signal for NEW PACIFIC METALS CORP?
The buy/sell signal for NEW PACIFIC METALS CORP (NEWP) is buy as both the short term and long term trends are positive.